Rice Hall James & Associates LLC Invests $3.58 Million in Vishay Precision Group, Inc. $VPG

Rice Hall James & Associates LLC bought a new stake in Vishay Precision Group, Inc. (NYSE:VPG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 23,908 shares of the scientific and technical instruments company’s stock, valued at approximately $3,584,000.

A number of other institutional investors have also added to or reduced their stakes in VPG. Andar Capital Management HK Ltd bought a new position in Vishay Precision Group in the second quarter worth approximately $45,000,000. Vanguard Group Inc. increased its holdings in shares of Vishay Precision Group by 2.7% during the third quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock valued at $30,049,000 after acquiring an additional 24,235 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Vishay Precision Group by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock worth $9,614,000 after purchasing an additional 8,923 shares during the period. Handelsbanken Fonder AB raised its position in shares of Vishay Precision Group by 120.7% during the fourth quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock worth $11,988,000 after purchasing an additional 170,307 shares during the period. Finally, Tieton Capital Management LLC lifted its holdings in shares of Vishay Precision Group by 0.5% in the 4th quarter. Tieton Capital Management LLC now owns 311,226 shares of the scientific and technical instruments company’s stock worth $11,982,000 after purchasing an additional 1,495 shares in the last quarter. 87.61% of the stock is owned by institutional investors and hedge funds.

Vishay Precision Group Price Performance

VPG opened at $75.80 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.15 and a quick ratio of 2.72. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 252.68, a P/E/G ratio of 6.16 and a beta of 1.47. The firm’s fifty day moving average price is $109.77 and its two-hundred day moving average price is $79.64. Vishay Precision Group, Inc. has a 1 year low of $26.74 and a 1 year high of $151.78.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.15). The firm had revenue of $83.94 million during the quarter, compared to the consensus estimate of $87.44 million. Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. As a group, analysts anticipate that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Vishay Precision Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Wall Street Zen lowered shares of Vishay Precision Group from a “buy” rating to a “sell” rating in a research note on Saturday, August 8th. Lake Street Capital lifted their price objective on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. B. Riley Financial decreased their target price on shares of Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Zacks Research lowered shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.33.

Vishay Precision Group Profile

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.